Thursday, April 30, 2009

Gettelfinger Motors

President Obama insisted at his press conference last night that he doesn't want to nationalize the auto industry (or the banks, or the mortgage market, or . . .). But if that's true, why has he proposed a restructuring plan for General Motors that leaves the government with a majority stake in the car maker?

The feds have decided they should own a neat 50% of GM, yet that is not the natural outcome of the $16.2 billion that the Treasury has so far lent to the company. Nor is the 40% ownership of GM that the plan awards to the United Auto Workers a natural result of the company's obligations to the union.

Yet Secretary Timothy Geithner and his auto task force, led by Steven Rattner, have somehow decided that Treasury and UAW chief Ron Gettelfinger will get to own a combined 90% of GM. If there's a reason other than the political symbiosis among the Obama Administration, Michigan Democrats and the auto union, it's hard to discern. From now on let's call it Gettelfinger Motors, or perhaps simply the Obama Motor Company, though in the latter they'd have to change the nameplates.

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About Me

Prior to his position as lead pastor in Hilmar California, Ron was senior pastor of Cross Road Assembly in Florence Oregon. He previously served on the pastoral staff at Atlantic Christian Assembly in Cape Town, South Africa, as well as Academic Site Director at Cornerstone Christian College in the same city. He was raised in California.
Ron has a B.A. in Ministerial Studies from Bethany College; an M.A. in Cross-Cultural Studies from Fuller Theological Seminary, and a Master of Divinity from Assemblies of God Theological Seminary.
Ron is married to Karol, his wife of 25 years. They have a 14 year old daughter, Katie.
In his spare time Ron enjoys antiques, bicycling, computers, old cars, shooting, fishing and reading.
e-mail me at ronsbloviating at gmail dot com (change the at and dot)